Translated with AI
A Tajik delegation participated in meetings with international partners during the spring meetings of the World Bank Group and the International Monetary Fund, held in Washington, D.C., the Tajik Ministry of Finance reported.
The meeting of finance ministers and central bank governors of the Caucasus and Central Asia countries, which was held with the participation of Bo Li, Deputy Managing Director of the International Monetary Fund, was attended by Tajik Finance Minister Fayziddin Kahhorzoda and Chairman of the National Bank of Tajikistan Firdavs Tolibzoda.
According to the Ministry of Finance of the Republic, the Tajik side presented information on the current state of the national economy and key areas of financial and economic policy.
It was noted that, within the framework of cooperation with the International Monetary Fund, in particular in the implementation of the Policy Coordination Programme (PCI), Tajikistan has achieved significant results in improving public financial management, increasing transparency, improving public debt management and promoting structural reforms.
Separately, Fayziddin Kakhhorzoda met with Adrian Fozzard, Head of the World Bank's Institutions Sector for Europe and Central Asia. During the talks, the sides discussed reform progress, including improving public financial management, reforming public sector accounting and financial reporting, increasing transparency and oversight of state-owned enterprises, and adapting the public administration system to attract investment and effectively implement projects.
The Minister of Finance also met with Amy Pope, Director General of the International Organization for Migration. The two sides discussed developing cooperation in regulating labor migration, enhancing social protection for migrants, expanding opportunities for formal employment, and more effectively leveraging migration for socioeconomic development.
Particular attention was paid to attracting funding from international financial organizations to improve the system of preparing citizens before departure, developing information and consultation centers for migrants, strengthening legal protection, and providing specialized support to female migrants.
The Minister of Finance of Tajikistan also met with a delegation from the International Finance Corporation, led by Regional Director Simon Andrews. The parties discussed the current status and prospects of cooperation, noting the organization's contribution to private sector development, attracting investment, creating new markets, and promoting sustainable economic growth.
Priority areas for further cooperation include the development of the transport industry, the expansion of public-private partnership mechanisms, increased financing of the financial sector using national currency instruments, support for small and medium-sized businesses, and the development of green financing, logistics, and digital infrastructure.
It is reported that a delegation from the International Finance Corporation plans to visit Tajikistan on a working visit in May of this year.
